Ferguson Wellman Capital Management Inc. Buys 23,999 Shares of Cisco Systems, Inc. $CSCO

Ferguson Wellman Capital Management Inc. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,266,015 shares of the network equipment provider’s stock after purchasing an additional 23,999 shares during the quarter. Cisco Systems makes up approximately 1.5% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Cisco Systems were worth $87,836,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CSCO. Goldman Sachs Group Inc. raised its position in shares of Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Nuveen LLC bought a new position in shares of Cisco Systems in the first quarter valued at about $750,495,000. Pacer Advisors Inc. increased its position in Cisco Systems by 1,144.2% during the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock worth $501,140,000 after acquiring an additional 7,468,212 shares during the period. GAMMA Investing LLC increased its position in Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider’s stock worth $414,593,000 after acquiring an additional 6,625,045 shares during the period. Finally, Acadian Asset Management LLC increased its position in Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after acquiring an additional 5,622,672 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares in the company, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock worth $4,369,104 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.4%

Shares of Cisco Systems stock opened at $68.68 on Friday. The company has a market capitalization of $271.51 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.85 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12-month low of $51.15 and a 12-month high of $72.55. The firm’s 50-day moving average price is $68.14 and its two-hundred day moving average price is $64.10.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. CICC Research initiated coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price target on the stock. Piper Sandler raised their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.